More Mergers with Pfizer Snatching Up Powdermed
Pfizer is acquiring Powdermed for their new technology related to vaccines.
RED HERRING | Pfizer Nabs Startup PowderMed:
Pfizer wants the technology they have developed to produce vaccines using DNA-caoted microscopic gold particles that can be placed under the skin without a needle using a pressurized gas. Powdermed is developing vaccines for herpes, chronic hepatitis and genital warts.
This is a good acquisition for Pfizer since they don’t have a presence in vaccines and the hope seems to be that this technology will be far ahead of the old egg-based vaccine or the newer developments with cell-based vaccine production.
Technorati Tags: Pfizer, pharma M&A, pharmaceutical deals, Powdermed
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